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20121129
20121207
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KNTV (NBC) 22
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English 22
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NBC
Nov 28, 2012 5:30pm PST
will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for everyone making less than $250,000 but wants taxes to go up for everybody else, and will take the message to pennsylvania avenue on friday. not to be outdone on the pr front the house republicans hosted a group of nervous business leaders, who are pushing serious spending cuts to supplement expected tax hikes. >> i am hopeful, but wouldn't put me down anywhere near the optimistic category. we have a long way to go, very few days to get it done. >> reporter: in the first republican break inside the house, the oklahoma congressman tom cole endorsed the short-term approach. >> in my view, we all agree we won't raise the taxes on people making less than $250,000, we should take them out of the discussion right now. >> reporter: but the idea was quickly shut down. >> the goal is to grow the economy and cut spending. you won't grow the economy if you put tax rates on the top two rates. >> there was no serious discussion by the white house on entitle
NBC
Nov 30, 2012 5:30pm PST
believe the wealthy should pay more in taxes. that is something the president ran on. and today, he went on the road to push his case. this is all part of a dance that has got to end in serious talks and ultimately some compromise to avoid this moment known as the fiscal cliff. with 32 days to go until the make or break point, it is where we begin tonight with our white house correspondent kristen welker, good evening. >> reporter: good evening, president obama tried to sell his plan in the suburbs of philadelphia today. it is a tactic he thinks has worked in the past, but it did very little to sway the congressional republicans. president obama turning up the heat on republicans. >> hello, hatfield. >> reporter: taking his case for higher taxes on the wealthy to pennsylvania today. >> i don't think it is acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> reporter: speaking at a factory, mr. obama argued that if congress can't get a deal, taxes will rise about $2
NBC
Nov 28, 2012 6:00pm PST
collecting state and local sales tax in california. two distribution centers were opened. >> it is a point of sale so sales tax revenue will be very welcomes. >> reporter: the potential for 1,000 jobs was also welcome news at the work net employment centers job seekers were buzzing with possibility. >> they told me here that once it is opened they are going to start doing interviews here. i will be banging on the door. >> reporter: amazon didn't respond to requests and tracy's mayor was unavailable. churchill says work has been done on the site and an official announcement is imminent but dropped pretty good hints. >> the economy is changing and online shopping continues to be prominent. we think this is at the front edge of that trend. >>> wal-mart is moving forward with plans to expand its antioch store. california health and environmental groups filed a lawsuit saying it had under estimated potential economic and environmental effects on the bay area. call mart called the court's decision a win for customers, job seekers and suppliers. the groups that filed the lawsuit say they are cons
NBC
Nov 29, 2012 4:30am PST
taxes, $580 million -- >> chump change? >> yeah. >> all those taxes. >>> coming up, plans for a brand new park in the north bay that will actually include a couple of famous faces. >>> plus rescue crews scale mt. hood trying to rescue a stranded hiker. latest on those efforts next. >>> we head to the nation's capital where overnight developments on today's important meeting regarding that looming fiscal cliff. >>> 4:44. thursday morning. no agreement yet but both parties still fighting to compromise. top white house negotiators head to capitol hill today to continue talks about avoiding the fiscal cliff. tracie potts has the latest on the fight to keep your tax breaks from disappearing. >> reporter: treasury secretary tim geithner and white houlegis chief rob neighbors bring the deficit-cutting plan to capitol hill today. >> i'm very open to a fair and balanced approach to reduce our defic deficit. >> reporter: republicans want to know does that approach include the government spending less money. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >>
NBC
Nov 29, 2012 4:00am PST
morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful, but i wouldn't put me anywhere near optimisti
NBC
Nov 28, 2012 5:00pm PST
house and flanked by middle class americans, the president declared that failing to extend an income tax freeze for the middle class could cost each household more than $2,000 as early as next year. he is calling on the public to lobby lawmakers on what losing $2,000 would mean to them. one house republican is already on board. >> we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. >> but not so fast. it's not so easy says house speaker john boehner. if congress acts now to block tax hikes for 98% of americans, lawmakers can go home for the holidays, and on january 1st tax rates would rise automatically on the top 2%. >>> and yahoo ceo marissa mayer is meeting with president obama to discuss the fiscal cliff. we just got a picture from the white house. you can see mayer just barely there on the right-hand side -- on the left-hand side of the picture, bottom left-hand corner. she joined more than a dozen other business leaders at the white house today. mayer is also making headlines for her spe
NBC
Nov 29, 2012 5:30pm PST
by their election success, argued that voters chose higher tax rates for wealthy americans as part of any plan to cut the deficit. and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts coming later. and no new proposals dealing with entitlement reform. republicans say for them, a nonstarter. >> kelly o'donnell, another cold night on capitol hill. thank you. >>> and as this debate goes on, a memorial service in washington today for a long-time budget-cutting warrior, former senator warren rudman, and david suitor was among them, and former senator and white house chief of staff, howard baker, a republican from new hampshire who authored a bill that included automatic spending cu
NBC
Nov 30, 2012 11:00am PST
president obama is talking directly to the american public about tax increases and spending cuts. this afternoon, he walked assembly line outside of philadelphia. it's main product? connecx toys. >> we all agree on making sure middle class taxes don't go up. let's get that done. let's take the fear out for the vast majority of american families so they don't have to worry about $2,000 coming out of their pocket starting next year. >>> all right. now to a story you will see on nbc bay area. >> the san jose skyline could look different if the city can get clearance from the faa. the city leaders say they want taller buildings up to 40 stories high, but since downtown is in the flight path of the airport, there are flight restrictions and that is costing the city money. >> we can do that because we can bring more vibrancy to downtown. more people using restaurants and retail and obviously that attracts more business. >> the faa is doing a study looking the -- at other airports. critics say having taller buildings will ruin the view for the buildings already in downtown. >>> when we
NBC
Nov 29, 2012 11:00am PST
to avoid that looming deadline. tracie potts has the latest on the fight to keep your tax breaks from vanishing. >> reporter: treasury secretary tim geithner and rob nabors bring the president's deficit-cutting plan to capitol hill today. >> i'm open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know if it includes the government spending less money. >> we put revenue on the table as long as it's accompanied by serious cuts. >> reporter: white house leaders are meeting with boehner and top republicans. at least one analyst thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful but don't put me down anywhere near optimistic. >> reporter: one conservative republican is now suggesting while negotiations continue on whether the wealthy should pay more, congress should stop tax rates from going up on the middle class now. >> we're not going to raise taxes on those people. i think we ought to go ahead and make t
NBC
Nov 29, 2012 5:00pm PST
and tax cuts. he took photos with shoppers, chatted up the staff and was followed around the store by a huge crowd. his favorite part, like many of us who go to costco, all those free samples. he did get around to talk tax cuts. >> i think it's important that congress acts now. i mean, right now. all that needs to be done is extend the middle class tax cut. >> he bought cookies, children's books, an apple pie and a 32 inch tv. he declined an offer to buy a set of tires saying, i don't drive any more. >>> the driver behind the crash has a bizarre explanation for why it happened. >>> good evening, i'm chief meteorologist jeff ranieri in the bay area weather center. we're tracking the latest storm moving across california. a flash flood watch. and if you're headed to the sierra, watch out, winter storm warning in place, where we could see six to ten inches on your full forecast coming up. >>> now it's our turn. californians will be able to play one of the biggest lottery games in the country. stay with us. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wi
NBC
Nov 29, 2012 6:00pm PST
joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a huge crowd, as you can see. his favorite part like many who go to costco, try out the free samples. he spoke about the importance of renewing the tax cuts. >> so i think it is important that coming act now. i mean, right now. all it has to do is take a single vote to extend the middle class tax cuts. >> reporter: biden bought cookies, children's books and apple pie, and a 32-inch flat screen tv. he decline an offer to buy a set of tires saying i don't drive anymore. envelop the president had a notable lunch guest at the white house today. his former rival, mitt romney. the get-together mark their first meeting since facing off in the third presidential debate. the menu was made public. turkey chilly and southwestern grilled chicken salad. in his election, you might recall president obama promised to meet with romney. they posed as you can se
NBC
Nov 30, 2012 5:00am PST
philadelphia as he continues to push republicans to let the bush aera tax cuts expire for people who make more than $250,000 a year. tim geithner made the president's case yesterday meeting with the four congressional leaders on capitol hill. reports say the president's first salvo calls for tax increases, $50 billion in the infrastructure spending and the power to raise the debt ceiling without congressional approval. as you can imagine, guys, congress did not take very well to that, particularly on the republican side. but 31 days and counting here. >> here we go. >> the countdown is on. a lot of salty people on capitol hill. see if they can get this worked out before christmas. >> what a gift that would be. an umbrella would be a good gift to have received earlier this year. >> even if you hold on to that umbrella tight you're probably still going to get hit by heavy rain as we've got winds whipping around the bay area. we're getting into the worst part of the morning strong. tuesday we had a break and wednesday we got slammed, same thing today. in fact we're getting slammed even harder bec
NBC
Dec 1, 2012 5:00am PST
. everybody says it's going to be an economic catastrophe if we do. an average of $2,200 in extra taxes next year for the average american family. the president has undergone a campaign style series of events. he's had ceos marching up and down the driveway here. he's got a twitter campaign. yesterday he was out in suburban philadelphia asking con stitch wa -- constituents to write in, call, do whatever they need to do to get in touch with those republicans in the house of representatives, try to get them to turn their votes. the president put his first proposal on capitol hill last week. it had $1.6 trillion in new revenues. about half of it coming from ending tax cuts for the wealthy, something that he campaigned on. there are about $600 billion in cuts in domestic programs like medicare. it was greated with gails of laughter by the senate republican leader. here's what the president and the speaker of the house had to say about it yesterday. >> i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't
NBC
Nov 30, 2012 6:00pm PST
stolen information to file fake tax returns. >> it could be personal information such as name, social security number and date of birth and file fraudulent tax returns with an attempt it to get a refund. >> reporter: the company has sent out warning letters to 931 people in the bay area. they're urging patients to monitor their bank accounts and credit cards and to contact the irs. >> your taxes are all things? credit card information? just your personal information leaking out, period, it's a violation. >> reporter: lisa elle yus just got discharged from the hospital. she didn't need an ambulance, but she said those who do shouldn't be slapped with a worry like this. >> i think it's absolutely horrible to think that you're going to be in a safe situation taken to a safe environment for your information to be stolen and used against you. >> reporter: the berkeley fire department isn't the only california agency hit by this crime ring. people who took ambulance trips in three southern california cities were also impacted. in berkeley, i'm jody hernandez, nbc bay area news. >>> still ah
NBC
Nov 30, 2012 7:00am PST
with republicans to increase taxes on wealthier americans, after a show of bipartisanship. the president inviting mitt romney to the white house on thursday. with washington deadlocked, president obama reached out to his former rival, inviting mitt romney to lunch at the white house, aiming to put past differences to rest. >> i think that he's very interested in some of governor romney's ideas. >> reporter: romney arrived shortly after noon thursday. white house officials revealed few details about the lunch, saying only they ate white turkey chili, and the meeting lasted more than an hour, with governor romney congratulating the president on re-election. in the sole picture released by the white house, you can see the dining room where the men ate and boxing gloves. aides joked there were no punches thrown describing the encounter as friendly. >> i am happy to see this picture, it is good for the american people. >> reporter: a very different tone on capitol hill as fiscal cliff negotiations remain rocky. the president sent his top negotiator, treasury secretary tim geithner to meet with congres
NBC
Nov 29, 2012 6:00am PST
's accompanied by serious spending cuts. >> the fiscal cliff is a series of tax increases and spending cuts that kicks in at the end of the year if congress doesn't act. at issue, how to get people that earn more than $250,000 a year to contribute more either by raising taxes or cutting their deductions. for more, we're joined this morning by tracie potts live in washington, d.c. good morning, tracie, first of all. now, the white house is bringing the president's plan to capitol hill during a series of meetings. who are the major players here? >> first of all, tim geithner and rob neighbors are the two big negotiators coming here. they're meeting with nancy pelosi and john boehner, mitch mcconnell and harry reid to really sort of sit down and present that plan. >>> let's talk about the president's plan and what it calls for. republicans receptive to it? >> reporter: well, they're receptive to the idea of it. we haven't seen details. what republicans are saying is we welcome you here, we want to talk, but we need to see details. facts, specifics, numbers. if we're going to put on the table s
NBC
Nov 30, 2012 6:00am PST
now taking his pitch out on the road to pitch those tax increases and spending cuts to the americans. later this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex toys. the president says the middle class just won't be able to support companies like this without some deal in place to avoid the cliff. >> demand is going to go away because all of a sudden you'll have two, three, $4,000 a year coming out of people's paychecks. >> just yesterday house speaker john boehner called the massive tax increases and spending cuts scheduled for january 1st a real possibility at this point, but we're hearing a lot of washington insiders still believe a deal is doable. >>> 6:17. now a story you'll only see on nbc bay area. the san jose skyline could look a lot different if the city can get clearance from the faa. city leaders say they want taller buildings up to 40 stories high but since downtown is in the flight path of the san jose international airport, there are height restrictions, and they say that is costing the city m
NBC
Nov 30, 2012 4:30am PST
tax increases and about spending cuts. later on this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex toys. the president says the middle class won't support companies like this without avoiding the fiscal cliff. >> demand is going to go away because all of a sudden you'll have $2,000 coming out of people's paychecks. >> john boehner calling the massive increases and spending cuts scheduled for january 1st a real possibility, but many washington insiders say a deal is still doable. >>> 4:45. so how is wall street reacting to all the uncertainty? for more on that, we turn to bertha coombs live at cnbc world headquarters. good morning, bertha. >> reporter: hey, good morning. yeah, you know, wall street basically reacts to those headlin headlines. that's what's moving us these days. we had a fairly choppy session on thursday because of it. the markets rose and fell, as you heard from democrats and republicans. they started saying the talks weren't going well. that's when things started to go lower. lawmak
NBC
Nov 30, 2012 5:00pm PST
to that so-called fiscal cliff. and today, the president took his case on the road, calling for higher taxes on the wealthy. but will that break this deadlock? >>> and meet the new powerball rich, suddenly rich, still stunned over it. and tonight, the surveillance video that shows the moment a winner realized he was suddenly
NBC
Nov 29, 2012 2:05am PST
at our numbers. >> worth more than 327 million after taxes. can you imagine? >> no, that's crazy. tell you what the odds of winning are, 1 in 175 million. >> i feel lucky. >> okay. listen. we did a kick pick. >> gave five bucks and said make it count. we did a quick pick, which i kind of like. >> somebody did it for us. i gave them five bucks and said make it count. >> good. >> two and a half. >> anyway. i always do the quick pick but they say a lot of people pick the ones that are like calendar years because those numbers mean something, if you go out of that range, 51, 53, may be better. >> so we are going to hold onto these. >> let you know if we won. >> let us know if you did. >> we will let you know if you won, we won't be here tomorrow, perfectly well. >> i love hearing what people say they would do. >> what would you do? >>> it is very, very clear to me, what i would do find the very best theater or build the greatest theater that broadway has ever seen and then i would endow it so that people who have never been to theater, never known the magic of theater, never known how life
NBC
Nov 29, 2012 7:00am PST
. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for those making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets set to change up his cabinet, he took time out of wednesday's cabinet meeting to defend the woman who could be his next secretary of state. >> susan rice is extraordinary. couldn't be prouder of the job that she's done. >> reporter: following that vote of confidence for rice, the outgoing secretary of state., hillary clinton, also spoke out. >> susan rice has done a great job as our ambassador to the united nations. >> report
NBC
Dec 2, 2012 8:30pm PST
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Search Results 0 to 21 of about 22